Global Central Patient Monitoring System Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Number of Patients/Monitors Networked;

Upto 16, 32 patients, 64 patients, and More than 64 patients.

By End Users;

Hospitals, Ambulatory Surgical Centers, and Trauma Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn452099225 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Central Patient Monitoring System Market (USD Million), 2021 - 2031

In the year 2024, the Global Central Patient Monitoring System Market was valued at USD 32,926.90 million. The size of this market is expected to increase to USD 49,837.76 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.1%.

The outbreak of the pandemic significantly impacted the patient monitoring market, with a surge in demand for devices like neuromonitoring, respiratory, and cardiac devices. This uptick was driven by the critical need to continuously monitor COVID-19 patients. For instance, wearable respiratory sensors gained prominence as they could detect abnormalities in respiratory rate and cough frequency, as well as viral biomarkers from exhaled breaths, aiding in COVID-19 management. Consequently, the market experienced robust growth during the pandemic and is expected to sustain an upward trajectory in the forecast period.

The growth of the patient monitoring market is further propelled by factors such as the increasing burden of chronic diseases, rising geriatric population, preference for home and remote monitoring, and the user-friendly nature of portable devices. Chronic diseases, affecting a significant proportion of the population, require continuous monitoring, thus driving the demand for patient monitoring devices. Moreover, such monitoring helps reduce readmission rates, prevents avoidable hospitalizations, and minimizes unnecessary doctor visits and travel expenses, contributing to expanded access to quality healthcare and cost savings. Despite these positive trends, resistance from healthcare professionals towards adopting patient monitoring systems and the high cost of technology may pose challenges to market growth in the forecast period. Nonetheless, initiatives like expansion and product launches are expected to bolster market growth. For instance, partnerships and launches by companies like Medtronic and Terumo Corporation demonstrate the industry's efforts to enhance access to advanced monitoring solutions, thus contributing to market expansion in the foreseeable future.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Number of Patients/Monitors Networked
    2. Market Snapshot, By End Users
    3. Market Snapshot, By Region
  4. Global Central Patient Monitoring System Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising demand for efficient patient monitoring in hospitals
        2. Technological advancements
        3. Growing adoption of remote patient monitoring
      2. Restraints
        1. High costs
        2. Cybersecurity concerns
        3. False alarms
      3. Opportunities
        1. Integration with artificial intelligence
        2. Focus on data analytics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Central Patient Monitoring System Market, By Number of Patients/Monitors Networked, 2021 - 2031 (USD Million)
      1. Upto 16
      2. 32 Patients
      3. 64 Patients
      4. More than 64 Patients
    2. Global Central Patient Monitoring System Market, By End Users, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Trauma Centers
    3. Global Central Patient Monitoring System Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Philips Healthcare
      2. GE Healthcare
      3. Hipac Healthcare Pty Ltd, Infinium
      4. Infinium Medical
      5. Universal Medical Instruments
      6. Nihon Kohde
      7. Heyer Medical AG
      8. MindRay
  7. Analyst Views
  8. Future Outlook of the Market